Property profile

735 Dodecanese Blvd Tarpon Springs, FL 34689

OFF-MARKET
Strip malls
Property ID
US18-4612946
1,200 SF 1.6 ac lot Built 1983
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This 550-square-foot retail space is situated within The Sponge Exchange, a landmark retail plaza in Tarpon Springs' renowned Sponge Docks. Its prime location on Dodecanese Boulevard ensures high foot traffic, capitalizing on the area's bustling tourist activity and established local clientele. The Sponge Exchange itself is the largest retail plaza in the Sponge Docks, boasting a diverse tenant mix and a recently updated, tastefully modernized aesthetic. This single-tenant space presents a unique opportunity to establish a business in a Class A location, benefiting from the high visibility and established reputation of this iconic destination. The property's strategic placement within the Sponge Docks guarantees significant exposure to both local residents and the substantial tourist traffic that characterizes this vibrant area. The modern updates throughout the plaza enhance the overall shopping experience, creating an attractive environment for businesses and customers alike. This retail space offers a compelling opportunity for businesses seeking a high-traffic, high-visibility location within a well-established and attractive retail environment.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1983
Construction CONCRETE BLOCKS
Total area 1,200 SF
Lot 1.6 ac (69,862 SF)
APN 12-27-15-98227-001-0030
UPID US18-4612946

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Clothing Store
  • Beach Clothing Store
  • Clothing Store
  • (Bike/Boat/Book/etc) Store

Location

735 Dodecanese Blvd Tarpon Springs, FL 34689-3109
Tarpon Springs metro Census 27501 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.71M

Owner & transaction history

since 2021
Last sale
$7.5M
1 recorded transaction
2021
$7.5M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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